INCOME TAX- Attention Income Tax Payers! CBDT made these changes in Form 26AS

Income Tax Payers! CBDT made these changes in Form 26AS

Expanding the list of major transactions, the Income Tax Department has included details of remittances and ITRs remitted abroad with mutual funds in Form 26AS. This will include the tax related information of the taxpayers for the whole year. Taxpayers can get it from the Income Tax Department website using their PAN number.

Government will have all the information related to investment, insurance and exemption of taxpayers

In fact, the Income Tax Department has expanded the list of large transactions to include details of remittances and ITRs with mutual funds abroad in Form 26AS. This will include the tax related information of the taxpayers for the whole year. Taxpayers can get it from the Income Tax Department website using their PAN number.

8 new details added to the form

  • Information on money sent abroad.
  • Details of salary along with TDS deduction claimed by the employee.
  • Information in ITRs of other taxpayers.
  • Interest on refund for the previous financial year.
  • If the taxpayer gets PAN after submitting Form 61, then it has to be given.
  • Off market (not settled) transactions.
  • Mutual fund dividend details.
  • Information regarding purchase of mutual funds.

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